Last-Minute Tax Deductions?

  • Posted by a hidden member.
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    Dec 29, 2014 10:26 PM GMT
    Anybody going on a tax-deductible spending spree this week?

    Where I used to work, we had annual budgets that were "use it or loose it" so we'd be going through catalogs, or maybe trying to close a deal on some shiny new mass spectrometer or something.

    I dunno - I probably need a new office computer soon, but I could probably drag it out another year as long as I keep using the old operating system. And the printer is getting pretty wheezy. (Jam, clean, initialize, misprint, jam. Repeat.)

    A couple of my clients usually dump a job on me Dec. 31. Or at least that's when they date their checks, which actually arrive sometime next February. The 1099's are all back-dated though icon_mad.gif

    I'll bet porn stars can deduct all sorts of things that are more fun. icon_cool.gif
  • HottJoe

    Posts: 21366

    Dec 29, 2014 10:32 PM GMT
    I'm sure a porn star could find some use for a spectrometer. You just have to use your imagination.
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    Dec 29, 2014 11:11 PM GMT
    Are fleshjacks tax deductable? They're having a 3 for the price of 2 (buy 2 get 1 free) sale right now. But it's just the inner sleeves, you'll need to get the outer hard shell/case if you don't already have one.
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    Dec 30, 2014 12:12 AM GMT
    Lumpyoatmeal saidAre fleshjacks tax deductable? They're having a 3 for the price of 2 (buy 2 get 1 free) sale right now. But it's just the inner sleeves, you'll need to get the outer hard shell/case if you don't already have one.


    If you masturbate for a living, buy a whole case!
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    Dec 30, 2014 4:35 AM GMT
    I've already made any business purchases I will make. I am making some last minute charitable contributions, however.

    I recommend anyone donating to a charity they don't know very well, to first check them out on Guidestar.com. You can see the charity's tax returns (Form 990), which show how much of their money is spent on fundraising and executive salaries. These amounts can be shocking, and knowing them can help you steer away from some organizations that would otherwise have good reputations.
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    Dec 30, 2014 6:50 AM GMT
    Hmm. A good point. And no doubt the subject of all the unopened envelopes recently received from my various alma maters that are gently turning to coal under the weight and heat of my in-box.

    I hear that the Institute For Go-Go Boy Studies is in dire need of donations. Seems like a lot of paperwork to deduct one dollar at a time tho icon_rolleyes.gif
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    Dec 30, 2014 9:38 PM GMT
    mindgarden said
    Lumpyoatmeal saidAre fleshjacks tax deductable? They're having a 3 for the price of 2 (buy 2 get 1 free) sale right now. But it's just the inner sleeves, you'll need to get the outer hard shell/case if you don't already have one.
    If you masturbate for a living, buy a whole case!

    So for the sake of discussion, suppose you had a side business of charging for people to watch you on the internet jacking off, but you didn't make enough from it to declare the money you made from it. Your regular job you declared. Could you still deduct expenses from your jack off venture?

    Unfortunately I don't have any earned income, only my retirement pension, which is unearned income, or I could use this scam if it was allowed.
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    Dec 30, 2014 9:56 PM GMT
    Oh, there is some set of published rules - of a heads-they-win-tails-you-lose sort of nature - for differentiating between a "business" and a "hobby."
    And then there are the probability of getting caught and plausible deniability icon_wink.gif